Examlex
What conditions favor the use of each form of payment?
Lockbox Service
A banking service provided to companies for the reception of payment from customers, utilizing a special post office box to speed up the collection and processing of check payments.
Clearing Time
The time it takes for a payment or transaction to be processed and the funds to be cleared and settled.
Default Risk
The possibility that a borrower will be unable to make the required payments on their debt obligations.
Marketable Securities Portfolio
A collection of liquid financial instruments and securities that can be quickly converted into cash at a value close to the market rates.
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